News Release

WYOMISSING, Pa.--(BUSINESS WIRE)--Oct. 27, 2005--Carpenter
Technology Corporation (NYSE:CRS) announced today that Robert J.
Torcolini, Chairman, President and Chief Executive Officer, and
Terrence E. Geremski, Senior Vice President - Finance and Chief
Financial Officer, will be presenting at JPMorgan's Small Cap
Conference on November 1, 2005 in Boston, MA. The slide presentation
will be available on the company's web site, www.cartech.com, after
5:00 p.m. eastern time on October 31, 2005.

Carpenter Technology, based in Wyomissing, Pa., is a leading
manufacturer and distributor of specialty alloys and engineered
products. More information about Carpenter Technology can be found on
the Internet at www.cartech.com.